The Boston Beer (NYSE:SAM) is scheduled to issue its quarterly earnings data after the market closes on Thursday, April 22nd. Analysts expect the company to announce earnings of $2.43 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.
The Boston Beer (NYSE:SAM) last released its quarterly earnings results on Tuesday, February 16th. The company reported $2.64 earnings per share for the quarter, topping analysts’ consensus estimates of $2.63 by $0.01. The Boston Beer had a return on equity of 20.36% and a net margin of 10.77%. The firm had revenue of $460.94 million during the quarter, compared to the consensus estimate of $455.95 million. On average, analysts expect The Boston Beer to post $15 EPS for the current fiscal year and $23 EPS for the next fiscal year.
NYSE SAM opened at $1,306.45 on Wednesday. The firm’s 50 day moving average is $1,156.44 and its 200-day moving average is $1,028.21. The company has a market capitalization of $16.02 billion, a PE ratio of 93.32 and a beta of 0.76. The Boston Beer has a 12-month low of $394.50 and a 12-month high of $1,315.38.
In other news, VP Quincy B. Troupe sold 1,089 shares of the stock in a transaction that occurred on Monday, April 5th. The stock was sold at an average price of $1,190.61, for a total transaction of $1,296,574.29. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jean Michel Valette sold 4,000 shares of the stock in a transaction that occurred on Monday, April 5th. The stock was sold at an average price of $1,189.09, for a total value of $4,756,360.00. Following the transaction, the director now owns 12,500 shares in the company, valued at approximately $14,863,625. The disclosure for this sale can be found here. Insiders sold 7,810 shares of company stock worth $8,773,689 over the last three months. Insiders own 29.10% of the company’s stock.
About The Boston Beer
The Boston Beer Company, Inc produces and sells alcohol beverages primarily in the United States. The company's flagship beer is Samuel Adams Boston Lager. It offers various beers, hard ciders, and hard seltzers under the Samuel Adams, Twisted Tea, Truly Hard Seltzer, Angry Orchard, Dogfish Head, Angel City, Coney Island, Concrete Beach brand names.
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